The craft beer has become quite popular since the last decade, and prominent companies have already increased their regional presence to increase their market share in the global craft beer market. Fact.MR reveals that the global craft beer market is likely to reach peak maturity levels, and is expected to grow at a healthy CAGR of 7% in the forecast period. This notable growth is mainly influenced by the dominance of small and independent brewers, which will significantly increase during the forecast period.
Fact.MR also found that increasing consumer demand for premium and flavored craft beer is fueling the growth of the craft beer market through 2029. Increasing consumer inclination towards craft beer products combined with exceptional taste is expected to increase in the upcoming future.
The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Craft Beer Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Craft Beer Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.
The research report published by Fact.MR on the Craft Beer Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period 2024 to 2031. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Craft Beer Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
After reading the Craft Beer Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Craft Beer Market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period 2024 to 2031
- Technologies and business models with disruptive potential
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The global Craft Beer Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Market Leaders Strive to Stay on Top by Launching Flavored Alcoholic Beverages
Manufacturers are persistently propelling alcoholic drinks with various flavors to pull in buyers and increase volume sales over time. Interest among people to try new flavors is expected to increase demand for flavored alcoholic drinks and thereby to fuel the market growth of craft beer. The prominent players are engaged in offering craft beer in various fruit flavors.
Atrial Rubicite by Jester King Brewery, Avancé by Allagash Brewing Co., Soft Parade by Short’s Brewing Co., Seed by Bissell Brothers Brewing Co., Wisconsin Belgian Red by New Glarus Brewing Co., and Grapefruit Sculpin by Ballast Point Brewing Co. are some of the brewers that helped shift the perception of fruit-flavored craft beer in America. In 2018, AB InBev, a European beer manufacturer, launched golden Italian craft lager Lisa in the UK. The product has flavors of honey balanced with a soft bitterness and a clean, dry finish.
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